Futu Holdings (FUTU) Net Margin (2018 - 2025)

Futu Holdings' Net Margin history runs 8 years deep, the most recent figure standing at 122.4% for Q4 2025.

• In Q4 2025, Net Margin rose 3142.0% year-over-year to 122.4%; the TTM figure through Dec 2025 stood at 107.23% (up 1719.0% YoY), while the FY2025 annual figure was 49.62%, up 957.0% from the prior year.
• Net Margin was 122.4% for Q4 2025 at Futu Holdings, up from 110.19% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 122.4% in Q4 2025 to a low of 58.28% in Q4 2021.
• Historically, Net Margin has averaged 92.58% across 5 years, with a median of 92.15% in 2022.
• The sharpest annual moves came in 2022 and 2023: Net Margin slumped 4586 bps in 2022, then surged 5546 bps in 2023.
• A 5-year view of Net Margin shows it stood at 58.28% in 2021, then jumped by 57 bps to 91.43% in 2022, then climbed by 6 bps to 97.15% in 2023, then dropped by 6 bps to 90.97% in 2024, then jumped by 35 bps to 122.4% in 2025.
• The last three Net Margin figures came in at 122.4% (Q4 2025), 110.19% (Q3 2025), and 100.42% (Q2 2025), per Business Quant data.